9608 VALENCIA COVE
About This Property
Inside, you'll find an fully remodeled open floor plan that truly sets this villa apart. Open flow through through the kitchen, living, and dining areas out to water exposure and boat access make this home perfect for both everyday living and entertaining. The kitchen is a standout with granite countertops, white shaker cabinets, and all-new GE fingerprint-resistant appliances. The entire space is illuminated by sleek LED recessed and under cabinetry lighting, adding a bright, modern touch. All of this while still remaining high and dry through 2024. NO FLOODING!
Both bathrooms have been luxuriously remodeled, featuring high-end finishes and expanded layouts that provide a sense of space and luxury beyond the standard in the neighborhood. The master suite includes a sliding glass door that opens onto the private back patio, offering a peaceful outdoor retreat.
In addition, the interior and exterior have been freshly painted, giving the home a crisp, like-new feel. There is also a private carport that includes a dedicated laundry room, a brand-new water heater, and additional storage space right within the carport area.
Not only is this villa gorgeous inside, but it also features paver driveways and a back patio that have been freshly sealed, a unique touch that adds both charm and durability. The crown jewel is the deeded boat slip right out the back door. Choose between a 10,000-pound lift with a canopy or a slightly smaller slip-both options make boating a breeze, and open water is just a short cruise away.
Palma Sola Harbour residents enjoy a wealth of community amenities, including tennis courts, multiple pools, saunas, a game room, a woodshop, a party or gathering room, a putting green, and a public fishing dock. All of this is covered by your association fees, which also include flood insurance.
In essence, this villa is not just a place to live-it's a gateway to a vibrant, waterfront lifestyle with every luxury and convenience at your fingertips.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2026 | Price Decreased |
$420,000
↓ $30K
(6.7%) | |
| Price Decreased | |||
| Jan 27, 2026 | Price Decreased |
$450,000
↓ $35K
(7.2%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by PREFERRED SHORE LLC | $484,900 | |
| Listed by PREFERRED SHORE LLC | |||
| Sep 7, 2023 | Sold | ||
| Sold | |||
| Apr 7, 2000 | Sold | ||
| Sold | |||
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About Cortez
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017